Brokerages Set ONEX Co. (ONEX) Target Price at $103.60

Shares of ONEX Co. (TSE:ONEX) have been given a consensus recommendation of “Buy” by the five analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$103.60.

ONEX has been the topic of a number of analyst reports. Canaccord Genuity lowered their target price on shares of ONEX from C$107.00 to C$106.00 and set a “buy” rating on the stock in a research note on Monday, November 13th. BMO Capital Markets set a C$105.00 target price on shares of ONEX and gave the company an “outperform” rating in a research note on Monday, January 15th. Finally, Royal Bank of Canada upgraded shares of ONEX from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from C$106.00 to C$102.00 in a research note on Thursday, January 11th.

Shares of ONEX (ONEX) traded up C$1.18 during trading on Friday, hitting C$89.32. 36,242 shares of the stock traded hands, compared to its average volume of 125,345. The stock has a market cap of $9,030.00, a PE ratio of -6.38 and a beta of 0.11. ONEX has a 1-year low of C$85.60 and a 1-year high of C$106.05.

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About ONEX

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.

Analyst Recommendations for ONEX (TSE:ONEX)

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